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Kim Mullan Blog

The Risk to Over-Negotiating the Offer

May 22nd 2016

Negotiations are dynamic and complex animals that can evolve quickly between buyer & seller. Both parties enter the arena hoping to come out victorious or at least on equal footing. It's important to keep your eye on the prize and not get side tracked with small details that could undermine getting the deal done. I have watched buyers change direction and not come to the valuation they had been prepared to arrive at because the seller or seller representative has responded in a way that put them off. I have seen buyers walk away at the drop of a hat because an old desk or an obsolete basement television they had added to chattel inclusions was being removed on counter offer. I have seen sellers refuse to sell to a particular buyer who they considered petty or unreasonable in their inclusions. Keep your focus. Keep it simple.

Price

Dates

Conditions

Chattel

Those 4 elements make up the substance of the negotiations.

Remember that the "whole is greater than the sum of it's parts" and if you are weak in one area strengthen one of the other areas.

Ask yourself...If they walk away on your next counter offer are you comfortable waiting another 30, 60, 90 days etc to keep that area rug or rusted barbecue? It's rarely about the item - it's usually about the "little" win and the "little" win should never jeopardize the actual prize...the accepted offer.

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You want a real estate agent who provides excellent service, has a great customer satisfaction record and will work to get you the best deal possible!

As a London, Ontario Realtor ® my goal is to help you understand the real estate market and MLS listings, find the perfect home to buy, negotiate the best value and get the strongest offers when selling your home! I am passionate about my work and seek to make your Real Estate journey as stress-free as possible.